DislikedNot sure on that - Hasn't closed above the 21 SMA since Feb of this year. . .
Would be looking for a solid weekly close above that area with a solid test of support after it breaks-out otherwise it can reach 1.36 area - has not bottomed yet IMO. As long as euro is on sale this thing can go lower. . . As EU's target is 1.23 and possibly lower IMO!Ignored
If it gets to 1.38xx level.. I will BUY and if below ..I wont be looking to buy this till 1.32xx..
When it was at 1.52 area I have mentioned to PK that it can go another 1200 pips before any retrace..it HAS @ 1.40xx
For EUR/USD its tricky...gotta wait few trading sessions to se what develops..
I will post Updates later this week..
Look out for GBP/JPY long after some Consolidation...!!! ALL jpy PAIRS... I am anticipating YENS WEAKNESS
Markets are not Random, they are designed!